Pekin Hardy Strauss Inc. Lowers Stock Position in AerCap Holdings (NYSE:AER)

Pekin Hardy Strauss Inc. decreased its holdings in AerCap Holdings (NYSE:AER) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,755 shares of the financial services provider’s stock after selling 320 shares during the quarter. AerCap comprises 1.1% of Pekin Hardy Strauss Inc.’s investment portfolio, making the stock its 18th largest holding. Pekin Hardy Strauss Inc.’s holdings in AerCap were worth $8,312,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AER. First Horizon Advisors Inc. boosted its stake in shares of AerCap by 15.3% during the third quarter. First Horizon Advisors Inc. now owns 814 shares of the financial services provider’s stock worth $77,000 after buying an additional 108 shares during the period. Dupree Financial Group LLC lifted its position in AerCap by 0.4% during the 3rd quarter. Dupree Financial Group LLC now owns 28,395 shares of the financial services provider’s stock worth $2,690,000 after acquiring an additional 121 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of AerCap by 1.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,919 shares of the financial services provider’s stock valued at $645,000 after purchasing an additional 129 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of AerCap by 89.9% in the second quarter. Blue Trust Inc. now owns 283 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 134 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of AerCap by 3.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 4,935 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 146 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on AER. TD Cowen reiterated a “buy” rating and issued a $125.00 price objective on shares of AerCap in a research report on Monday, July 29th. Susquehanna boosted their price target on shares of AerCap from $100.00 to $108.00 and gave the stock a “positive” rating in a research note on Friday, August 2nd. The Goldman Sachs Group reissued a “buy” rating and set a $119.00 price target on shares of AerCap in a report on Thursday. Barclays lifted their price objective on AerCap from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on AerCap from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $112.00.

AerCap Stock Up 0.3 %

AerCap stock opened at $98.03 on Friday. The firm has a market capitalization of $19.40 billion, a price-to-earnings ratio of 7.77, a price-to-earnings-growth ratio of 2.20 and a beta of 1.83. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.67 and a current ratio of 0.67. AerCap Holdings has a fifty-two week low of $66.34 and a fifty-two week high of $99.68. The stock’s fifty day moving average is $95.62 and its two-hundred day moving average is $93.73.

AerCap (NYSE:AER) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $2.41 earnings per share for the quarter, meeting the consensus estimate of $2.41. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.92 billion. AerCap had a net margin of 32.38% and a return on equity of 13.98%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the firm posted $2.81 EPS. Analysts predict that AerCap Holdings will post 11.26 EPS for the current fiscal year.

AerCap Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.02%. AerCap’s dividend payout ratio is currently 7.92%.

AerCap Profile

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.